Post Utme Igbinedion University 2017 Commerce Question 33

Practice objective / multiple choice question 33 from the 2017 Post Utme Igbinedion University Commerce examination.

Post Utme Igbinedion University 2017 Commerce Objective / Multiple Choice
Question 33 POST_UTME_IGBINEDION_UNIVERSITY • 2017 • COMMERCE • objective

A firm's demand function is given by Q = 100 - 2P, where Q is quantity demanded and P is price. If the firm wants to increase revenue by 20%, what should be the new price?

Answer Options

A. ₦40
B. ₦45
Correct Answer C. ₦50
D. ₦55
Correct Answer
C
Correct Option:
₦50

About This Question

This is Post Utme Igbinedion University 2017 Commerce Question 33. It is one of the objective questions from the 2017 Post Utme Igbinedion University Commerce examination.

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